PEPE

Alert

Funding spread now, next payment 16:00 UTC+0.1941%/8h

next payment, per $10,000+$2.43paid, last 24h−0.005%paid, last 7 days+0.032%to open and close $10k−$54

Long on Coinbase International Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000PEPE-PERP-INTX	0.000004937	0.0440	pay 0.0055% / 1h	40m 52s	$556K	$19.9M	50x
Short	Kraken Futures PF_PEPEUSD	0.000004942	0.2381	get 0.0298% / 1h	40m 52s	$3.5M	$10.2M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Kraken FuturesbpOrdersRate

Funding earned: $407.52
Slippage, 4 orders: −$33.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $353.7
Break-even: 0.9 days

Slippage from Coinbase International: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.102%
Avg gap 7d: −0.014%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 5 min ago	3.04 bp	10.0 bp −$10	13.7 bp −$137	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	7.49 bp	12.5 bp −$12	25.6 bp −$256	120.7 bp −$12.1K	doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$60K	$73K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.7M	$216.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.2M	$421.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.9M	$49.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.0M	$35.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.6M	$104.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$888K	$2.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$345K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$602K	$3.5M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$58K	12x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BingX 1000PEPE-USDT	+0.0199%	8h	—	$213.6M	—	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.3M	75x	as long as short
MEXC PEPE_USDT	+0.0224%	8h	$109.4M	$255.0M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0224%	1h	$140K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0232%	1h	$525K	$237K	25x	as long as short
Binance 1000PEPEUSDT	+0.0234%	8h	$129.7M	$802.2M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	$93K	$752K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0290% / S −0.0236%	1h	$47K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0440%	1h	$556K	$19.9M	50x
Paradex kPEPE-USD-PERP	+0.0488%	8h	$6K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0501%	1h	$233K	$714K	10x	as long as short
Aster 1000PEPEUSDT	+0.0761%	8h	$1.3M	$5.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0764%	1h	$80K	$95K	25x	as long as short
Hyperliquid kPEPE	+0.0807%	1h	$57.0M	$52.8M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0930%	1h	$1K	$8K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0949%	1h	$108K	$469K	15x	as long as short
01 Exchange kPEPEUSD	+0.1024%	1h	$567	$1K	10x	as long as short
Lighter 1000PEPE	+0.1184%	1h	$617K	$4.5M	10x	as long as short
Phemex u1000PEPEUSDT	+0.1557%	8h	$2.5M	$5.9M	50x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.2381%	1h	$3.5M	$10.2M	50x